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Thursday , 19 October 2017
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Category Archives: Business-News

IndusInd Bank announces $2.4 billion deal to acquire BFI

In a major acquisition deal in the financial sector, India’s leading bank IndusInd Bank has announced the acquisition of Bharat Financial Inclusion (BFI). The company is a micro lender and after its acquisition, it would enable IndusInd Bank to strengthen its presence in microfinance lending and rural banking. The acquisition deal is an all-share deal, which means that there will ... Read More »

Idea shareholders approve merger with Vodafone; Reliance registers 12.5% profit growth

Coming at the heels of the acquisition of Tata Teleservices by Bharti Airtel, the proposed merger of Idea Cellular with Vodafone India has been approved today by the shareholders of Idea Cellular. This paves the way to form yet another giant in the telecom sector in India. The deal was approved by more than 99 percent of the shareholders of ... Read More »

Mega Merger: Bharti Airtel to acquire Tata Tele

Just as Tata Group was planning to shut down its telecom arm, it has come as a huge relief for the Group as India’s largest telecom operator Bharti Airtel has agreed to acquire the mobile business of Tata Teleservices. The news also comes as a huge relief for the 5000 plus employees of Tata Tele, who were staring at a ... Read More »

Direct tax collections grow 16 percent in April-September

In a welcome development for the government, the country’s direct tax collections have witnessed a major growth of 15.8 percent. For the period between April and September 2017, the direct tax collections have grown to Rs 3.86 lakh crore. One of the major reasons for this huge jump is the significant growth in the collections of advance tax. The information ... Read More »

Tata Group may bid to bring back its bird Air India home again

Not many know that it was the Tata Group that had founded Air India around 85 years back. However, in the year 1946, the company was nationalized and it came under government control. Nevertheless, it is like life coming full circle for the Tata Group, as the government has decided to sell Air India. The airline has been witnessing consistent ... Read More »

Rajnish Kumar to take charge of SBI; to replace Arundhati Bhattacharya

To head the country’s largest bank, Rajnish Kumar has been appointed as the new chairman of State Bank of India (SBI). Rajnish will be replacing the current chairman Arundhati Bhattacharya, whose term will be ending this week. Rajnish is currently the managing director of SBI and he will be taking charge as the chairman on October 7. It’s been quite ... Read More »

Adani’s $3.5 billion Australian coal project may be at risk, says IEEFA

US-based Institute for Energy Economics and Financial Analysis (IEEFA) has said that Adani Group’s most ambitious initiative, the $3.5 billion (Rs 178 billion) coal project in Australia, may be at risk. The Australian coal mining initiative is a debt-funded project and it is significantly at risk, said IEEFA. The report published by IEEFA says that the success of the project ... Read More »

The Wadhwa Group partners with SBI

Easy payment plans and loans for The Wadhwa Group properties Lucrative offers for The Wadhwa Group and SBI customers Exclusive corporate offers for SBI employees India, 27th September 2017: Enter a world of unparalleled luxurious living with a trusted name that carries a rich legacy of over half a century. The Wadhwa Group, a prominent realty player in Mumbai, has ... Read More »

Equifax CEO Richard Smith retiring

Equifax CEO Richard Smith is retiring effective immediately as the credit reporting agency tries to clean up the mess left by a damaging data breach that exposed highly sensitive information about 143 million Americans. The shake-up announced Tuesday comes after Equifax disclosed that hackers exploited a software flaw that the company didn’t fix to heist Social Security numbers, birthdates and ... Read More »

Timesaverz announces partnership with Truecaller to enhance customer experience

India’s leading e-home service provider Timesaverz today announced its partnership with Truecaller.  The partnership is on two important verticals, firstly, with Truecaller SDK. Truecaller users can instantly register on the Timesaverz app with a simple and frictionless sign-up option using their Truecaller credentials without the need for the unreliable SMS based OTP process to verify their identity and mobile number. Secondly, ... Read More »

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